{"id":72323,"date":"2023-10-13T15:24:58","date_gmt":"2023-10-13T19:24:58","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/bitcoin-price-prediction-as-btc-holds-steady-at-26500-support-are-bears-taking-control\/"},"modified":"2023-10-13T15:25:01","modified_gmt":"2023-10-13T19:25:01","slug":"bitcoin-price-prediction-as-btc-holds-steady-at-26500-support-are-bears-taking-control","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=72323","title":{"rendered":"Bitcoin Price Prediction as BTC Holds Steady at $26,500 Support \u2013 Are Bears Taking Control?"},"content":{"rendered":"<div>\n<p><strong>Key Points<\/strong><\/p>\n<ul>\n<li>Bitcoin currently trades at $26,730 with a slight 24-hour increase and boasts a market cap of $521.58 billion.<\/li>\n<li>The 50-day EMA stands at $27,210, emphasizing a bearish sentiment as Bitcoin trades below this marker.<\/li>\n<li>A notable chart pattern, the double bottom breakout, has occurred at $26,900, which now acts as a resistance point.<\/li>\n<\/ul>\n<p>Bitcoin, the world&#8217;s premier cryptocurrency, faced challenges in sustaining its value, plunging below the $27,000 threshold on Friday. In the last 24 hours, its price largely oscillated around the $26,600 mark.\u00a0<\/p>\n<p>The recent depreciation is largely tied to the unveiling of the US Consumer Price Index (CPI) for September. This index rose by 0.4%, surpassing the projected 0.3%.\u00a0<\/p>\n<p>This unexpected surge in the CPI catalyzed a sell-off in risk-prone assets, encapsulating cryptocurrencies.<\/p>\n<figure class=\"media\"><oembed data-embedo-height=\"400\" data-embedo-url=\"https:\/\/twitter.com\/AskToRahulSingh\/status\/1712679533588230589\" loading=\"lazy\"><\/oembed><\/figure>\n<p>Concurrently, the US Dollar rallied by 0.8% after the US CPI release, marking another significant element pressuring the cryptocurrency realm downwards.\u00a0<\/p>\n<p>This scenario underscores a heightened investor prudence, a sentiment casting shadows not merely on the crypto space but also on the conventional financial arenas.<\/p>\n<h2><strong>Bitcoin Price\u00a0<\/strong><\/h2>\n<p>On October 13, Bitcoin&#8217;s current trading price stands at $26,730, reflecting a marginal gain of 0.10% over the last 24 hours.\u00a0<\/p>\n<p>With a significant 24-hour trading volume of $13.54 billion, Bitcoin confidently holds its dominant position as the #1 cryptocurrency on CoinMarketCap. The live market capitalization for Bitcoin is an impressive $521.58 billion.\u00a0<\/p>\n<p>As of now, approximately 19.51 million BTC coins are in circulation, inching closer to its predetermined cap of 21 million BTC.<\/p>\n<h2><strong>Bitcoin Price Prediction<\/strong><\/h2>\n<p>In terms of the 4-hour chart, the pivot point for Bitcoin (BTCUSD) is identified at $26,536. On the upside, Bitcoin confronts its first line of resistance at $28,000, followed by resistances at $29,062 and $30,574.<\/p>\n<p>On the downside, support is placed firmly at $25,426, with further supports at $23,891 and $22,876, respectively.<\/p>\n<p>Two significant technical indicators provide insights into the current market trend. The Relative Strength Index (RSI) is marked at 37, leaning towards the bearish side.\u00a0<\/p>\n<p>Meanwhile, the 50-day Exponential Moving Average (EMA) is $27,210. With the current trading price below this EMA value, it underscores a short-term bearish trend in the market.<\/p>\n<p>Recent chart analysis has revealed an intriguing pattern: a double bottom breakout at the $26,900 mark. Interestingly, this very level now seems to serve as a resistance for Bitcoin.\u00a0<\/p>\n<p>Such patterns suggest a testing phase for the digital currency as it grapples with overcoming this resistance.<\/p>\n<p>Conclusively, Bitcoin&#8217;s trajectory seems bearish as it remains under the $27,210 mark. However, a breakthrough above this threshold can tilt the trend in favor of the bulls.\u00a0<\/p>\n<p>Short-term predictions anticipate Bitcoin challenging the aforementioned resistance levels in the forthcoming trading sessions.<\/p>\n<h2><strong>Top 15 Cryptocurrencies to Watch in 2023<\/strong><\/h2>\n<p>Stay up-to-date with the world of digital assets by exploring our handpicked collection of the best 15 alternative cryptocurrencies and ICO projects to keep an eye on in 2023.\u00a0<\/p>\n<p>Our list has been curated by professionals from Industry Talk and <i>Cryptonews<\/i>, ensuring expert advice and critical insights for your cryptocurrency investments.\u00a0<\/p>\n<p>Take advantage of this opportunity to discover the potential of these digital assets and keep yourself informed.<\/p>\n<h2><strong>Find The Best Price to Buy\/Sell Cryptocurrency<\/strong><\/h2>\n<p><i><sup>Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication &#8211; cryptocurrencies are highly volatile investments with considerable risk, always do your own research.<\/sup><\/i><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/bitcoin-price-prediction-as-btc-holds-steady-at-26500-support-are-bears-taking-control.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Points Bitcoin currently trades at $26,730 with a slight 24-hour increase and boasts a market cap of $521.58 billion. The 50-day EMA stands at $27,210, emphasizing a bearish sentiment as Bitcoin trades below this marker. A notable chart pattern, the double bottom breakout, has occurred at $26,900, which now acts as a resistance point. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":72324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-72323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Prediction as BTC Holds Steady at $26,500 Support \u2013 Are Bears Taking Control? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Key PointsBitcoin currently trades at $26,730 with a slight 24-hour increase and boasts a market cap of $521.58 billion.The 50-day EMA stands at $27,210,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=72323\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Prediction as BTC Holds Steady at $26,500 Support \u2013 Are Bears Taking Control? | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Key PointsBitcoin currently trades at $26,730 with a slight 24-hour increase and boasts a market cap of $521.58 billion.The 50-day EMA stands at $27,210,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=72323\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-13T19:24:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-13T19:25:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/13-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=72323#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=72323\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Bitcoin Price Prediction as BTC Holds Steady at $26,500 Support \u2013 Are Bears Taking Control?\",\"datePublished\":\"2023-10-13T19:24:58+00:00\",\"dateModified\":\"2023-10-13T19:25:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=72323\"},\"wordCount\":544,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Crypto\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=72323#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=72323\",\"url\":\"https:\/\/ifintechworld.com\/?p=72323\",\"name\":\"Bitcoin Price Prediction as BTC Holds Steady at $26,500 Support \u2013 Are Bears Taking Control? | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-10-13T19:24:58+00:00\",\"dateModified\":\"2023-10-13T19:25:01+00:00\",\"description\":\"Key PointsBitcoin currently trades at $26,730 with a slight 24-hour increase and boasts a market cap of $521.58 billion.The 50-day EMA stands at $27,210,\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=72323#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=72323\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=72323#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Price Prediction as BTC Holds Steady at $26,500 Support \u2013 Are Bears Taking Control?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin Price Prediction as BTC Holds Steady at $26,500 Support \u2013 Are Bears Taking Control? | iFintechWorld","description":"Key PointsBitcoin currently trades at $26,730 with a slight 24-hour increase and boasts a market cap of $521.58 billion.The 50-day EMA stands at $27,210,","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=72323","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Price Prediction as BTC Holds Steady at $26,500 Support \u2013 Are Bears Taking Control? | iFintechWorld","og_description":"Key PointsBitcoin currently trades at $26,730 with a slight 24-hour increase and boasts a market cap of $521.58 billion.The 50-day EMA stands at $27,210,","og_url":"https:\/\/ifintechworld.com\/?p=72323","og_site_name":"iFintechWorld","article_published_time":"2023-10-13T19:24:58+00:00","article_modified_time":"2023-10-13T19:25:01+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/13-1.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=72323#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=72323"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Bitcoin Price Prediction as BTC Holds Steady at $26,500 Support \u2013 Are Bears Taking Control?","datePublished":"2023-10-13T19:24:58+00:00","dateModified":"2023-10-13T19:25:01+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=72323"},"wordCount":544,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Crypto"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=72323#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=72323","url":"https:\/\/ifintechworld.com\/?p=72323","name":"Bitcoin Price Prediction as BTC Holds Steady at $26,500 Support \u2013 Are Bears Taking Control? | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-10-13T19:24:58+00:00","dateModified":"2023-10-13T19:25:01+00:00","description":"Key PointsBitcoin currently trades at $26,730 with a slight 24-hour increase and boasts a market cap of $521.58 billion.The 50-day EMA stands at $27,210,","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=72323#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=72323"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=72323#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Price Prediction as BTC Holds Steady at $26,500 Support \u2013 Are Bears Taking Control?"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/72323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72323"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/72323\/revisions"}],"predecessor-version":[{"id":72325,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/72323\/revisions\/72325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/72324"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}